2025年一季度，瑞达期货（002961）股份有限公司(002961)以营收、净利双增的亮眼业绩领跑上市类期 货公司。然而，光鲜财报难掩其内控隐忧——4月30日，厦门证监局向瑞达期货发出一纸罚单，直指其 子公司瑞达新控资本管理有限公司存在会计核算不规范问题。该子公司以前年度部分贸易类业务收入确 认不符合《企业会计准则》，导致公司有关年度定期报告披露的财务数据不准确。 与此同时，瑞达期货董事长林志斌、总经理葛昶、财务总监曾永红和首席风险官杨明东一并被采取出具 警示函的行政监管措施。当日，深交所也向该公司及相关责任人下发监管函，指出高管未能恪尽职守、 履行忠实勤勉义务。据不完全统计，这已是该公司2024年以来第四次公开"领罚"。行业人士认为，少数 期货公司屡屡受罚往往是由于其重业务、轻合规的短视思维，未建立与行业高质量发展、严监严管相适 应的合规文化。 在2022年的合并利润表中，瑞达期货原本采用总额法确认收入，将整笔交易总金额计入营业收入；调整 后采用净额法，仅将赚取的差价部分确认为营业收入。这一调整导致公司2022年相关定期报告合并利润 表中的营业总收入、总支出分别减少7721.19万元。 具体来看，第一季度 ...

Core Viewpoint - The company has responded to the Shanghai Stock Exchange's inquiry regarding its 2024 annual report, addressing issues related to revenue recognition methods and accounts receivable management, highlighting significant growth in its information system integration business but also a notable decline in revenue in the first quarter of 2025 compared to the previous quarter [1][8][12]. Group 1: Revenue Recognition - The company reported a 124.27% year-on-year increase in other receivables, amounting to 0.69 billion yuan, primarily due to amounts settled using the net method [1]. - The company has adopted both gross and net methods for revenue recognition based on specific criteria, with four projects being accounted for using the net method due to insufficient evidence of being the primary responsible party [7][12]. - The company confirmed that its revenue recognition policies comply with the relevant accounting standards, with the majority of projects using the gross method [7][14]. Group 2: Financial Performance - In the first quarter of 2025, the company achieved revenue of 0.42 billion yuan, a 67.44% decrease from 1.28 billion yuan in the fourth quarter of 2024, attributed to seasonal fluctuations in the industry [8][9]. - The information system integration business saw a 222.38% year-on-year increase in revenue for 2024, driven by strategic adjustments and expansion into new areas [8][12]. - The gross profit margin for the information system integration business decreased significantly by 43.43 percentage points, mainly due to a shift from self-developed software to purchased hardware and software [8][12]. Group 3: Accounts Receivable Management - As of the end of the reporting period, the company had accounts receivable of 3.96 billion yuan, with a provision for bad debts of 2.26 billion yuan, representing a provision rate of 57.15% [14]. - The company has different bad debt provision rates for telecommunications and transportation industry clients, reflecting varying credit risk profiles [14][17]. - The company is actively managing its receivables, with significant amounts already collected from major clients, indicating a proactive approach to cash flow management [16][18].

Audit Opinion - The audit opinion states that the financial statements of Jiangsu Litong Electronics Co., Ltd. fairly reflect the company's financial position as of December 31, 2024, and its operating results and cash flows for the year 2024 [2]. Key Audit Matters - Revenue recognition is identified as a key audit matter due to inherent risks associated with improper revenue recognition to meet specific targets. The company's revenue for 2024 primarily comes from the sales of precision metal stamping components, electronic components, and computing services [3][4]. - Long-term asset impairment is another key audit matter, as the book value of fixed assets, construction in progress, and right-of-use assets collectively accounts for 49.17% of total assets as of December 31, 2024. The impairment testing involves significant management judgment and estimates [4][5]. Financial Statements Overview - The company’s financial statements are prepared based on the going concern assumption, indicating no significant doubts about its ability to continue operations for the next 12 months [10]. - The company’s registered capital is RMB 259.93 million, with a total of 259.93 million shares, and its stock has been listed on the Shanghai Stock Exchange since December 24, 2018 [10]. Accounting Policies - The company adheres to the Chinese Accounting Standards, ensuring that the financial statements provide a true and complete reflection of its financial status, operating results, and cash flows [11]. - The company uses the weighted average method for inventory valuation and recognizes inventory at the lower of cost or net realizable value [28]. Financial Performance - The company’s revenue for the year 2024 is primarily derived from its core business activities, including the sale of precision metal components and electronic components, as well as computing services [3][4].

Core Viewpoint - The company, Ningbo Nengzhiguang New Materials Technology Co., Ltd., has experienced significant growth in 2023, with a notable increase in sales to a new major client, Aoshen De, which began cooperation in the same year [1][2]. Group 1: Client Cooperation - Aoshen De, a subsidiary of Ascend Performance Materials, became a major client for the company in 2023, primarily purchasing nylon toughening agents [2][3]. - The collaboration began in 2021, with Aoshen De seeking reliable domestic alternatives to previously used materials due to public health safety concerns [2]. - Sales figures to Aoshen De for 2023, 2024, and Q1 2025 are projected at 9.83 million, 12.67 million, and 3.44 million respectively, indicating a steady increase in transaction volume [2][3]. Group 2: Revenue Recognition - The company recognizes revenue based on customer-signed delivery receipts, which is a common practice in the industry [3][4]. - The revenue recognition method aligns with comparable companies in the industry, confirming that it is a standard practice [3][4]. - The company maintains a structured process for confirming deliveries and ensuring that the signed receipts are valid, which includes communication with clients before and after delivery [6][9]. Group 3: Client Signature Verification - The company acknowledges that discrepancies may occur between the logistics recipient and the actual signer due to the nature of the business, but maintains that this does not affect the validity of the signed receipts [7][9]. - Measures have been implemented to minimize potential disputes arising from signature discrepancies, including proactive communication with clients [8][9]. - Regular reconciliation with clients is conducted to ensure that the quantities signed for match the invoiced amounts, which is part of the company's performance assessment [10].

"稳定工作"是例外，"灵活就业"才是常态 零工经济（Gig Economy），通常指由短期、临时、任务导向型的工作组成的劳动体系。这类工作往往通过互联网平台撮合，比如外卖员、快递员、网约 车司机，也包括广泛意义上的数字游民群体。零工以"灵活"与自由著称，但也意味着缺乏长期合同、社会保障与职业晋升路径。 而在当前的就业环境中，"灵活就业"成为热词，"稳定工作"成了被怀念和渴望的对象。这一转变反映出人们对于工作保障与自由之间矛盾关系的体察。 但是，不同的零工群体之间存在巨大差异，比如数字游民与外卖员，他们在工作方式与生活处境有着怎样的分野？相比于传统的白领和蓝领，零工面对的 真正焦虑是什么？工作的不稳定与关系的不稳定是对应的吗？在平台与个体的拉扯之外，零工作为一种劳动形态，是否仍蕴藏某种被忽视的潜能与想象 力？ 本期「问题青年」试图回答以上问题。 阳少：我想先请两位老师从不同角度出发，帮我们厘清"零工经济"的特征。 王行坤老师在「看理想」的课程中梳理了零工与不稳定就业的历史流变，你能否简单讲讲"零工经济"在中国与西方的异同及其产生的社会背景？ 而孙哲老师长期研究数字游民，我也很想听听你如何看待他们与其他平台型劳动 ...

关注、加星，第一时间接收推送！ 文 | 赵伟、屠强 联系人| 屠强、耿佩璇 摘要 高频跟踪：工业生产保持平稳，基建开工弱势运行，集运价格有所回升。 【工业生产】工业生产保持平稳。 本周，高本周，高炉开工同比-0.2pct至2.1%。化工链开工保持韧性， 纯碱、PTA、涤纶长丝开工同比分别+2.7pct至-1.3%、-1.1pct至3%、持平前周录得2.6%。而汽车半钢胎开 工率有较大回落，同比-4.4pct至-6.7%。 【建筑业开工】建筑业开工弱势运行。 本周，全国粉磨开工率略有回落，同比-0.1pct至-1.9%。水泥出货 率上行，同比+3.2pct至-2.3%。沥青开工率小幅回升，同比+0.8pct至4.3%。 【下游需求】新房成交大幅下滑，集运价格有所回升。 本周，全国新房日均成交面积大幅回落，同 比-28.2pct至-27.8%；其中，一线成交降幅较大。货运流量有所走弱，与内需相关的铁路货运量同 比-2.4pct至-0.1%，与出口相关的港口货物吞吐量、集装箱吞吐量同比分别-4pct至0.8%、-10.9pct至0.1%。 此外，CCFI综合指数有较大回升，环比+3.3%。其中，美西航线运价涨幅较大 ...

Economic Overview - The economic operation in Huicheng District is stable and shows a positive trend, with strong industrial production and a recovering consumer market, although fixed asset investment has seen an expanded decline [1] Industrial Production - From January to April, the total industrial output value reached nearly 27.3 billion, with a year-on-year growth of 10.0%. In April alone, the output was 7.285 billion, growing by 2.8% year-on-year [2] - The added value of the industrial sector also grew by 10.0% year-on-year. Key industries such as computer, communication, and other electronic equipment manufacturing saw a significant increase of 24.1% in added value [2] Fixed Asset Investment - Fixed asset investment decreased by over 14% year-on-year from January to April, with the decline expanding by 3.4 percentage points compared to the first quarter. Construction and installation investment fell by 20.3% [3] - Industrial investment continued to decline, down 9.3% year-on-year, while infrastructure investment grew by 5.0% [3] Consumer Market - The total retail sales of consumer goods reached 28.504 billion, with an increase of 4.0 percentage points compared to the first quarter. Retail sales of limited enterprises amounted to 16.66 billion, growing by 14.2% year-on-year [4] - Online retail sales surged by 70.0%, indicating a strong shift towards e-commerce [4] Foreign Trade - The total import and export value reached approximately 13.9 billion, growing by 58.5%, with imports increasing by 165.3% and exports growing by 5.9% [5] Fiscal Revenue - The general public budget revenue for the district reached 1.573 billion, with tax revenue slightly declining by 0.4%. Public budget expenditure grew by 6.5% [6] - Tax revenue for the first four months was 9.47 billion, reflecting a growth of nearly 7% [7]

Adobe(ADBE.O)第三季度收入展望为58.75亿至59.25亿美元。 ...

编者按：科学制定和接续实施五年规划，是我们党治国理政的一条重要经验，也是中国特色社会主义一 个重要政治优势。我国将于2026年开始实施"十五五"规划，目前党中央正在组织起草"十五五"规划建 议。编制和实施"十五五"规划，对于全面落实党的二十大战略部署、推进中国式现代化意义重大。凝聚 共识，汇聚众智，证券时报即日起推出"专家建言'十五五'规划"专栏，敬请垂注。 中泰国际首席经济学家李迅雷 中泰证券研究所分析师贺钟慧 "十五五"时期，外部环境的复杂性、严峻性、不确定性将继续上升，国内需求成为大国博弈的一种重要 战略资源。近年来，我国面临国内有效需求不足的困扰，依靠投资拉动的经济增长模式逐渐受到产能过 剩、债务高企、回报率偏低等多重因素制约，这要求我们进一步增强消费对经济发展的基础性作用，充 分挖掘消费潜力、提高消费能力，持续提升消费在GDP中的比重。 一、当前消费占比 较低的表现及影响 当前，消费占我国经济的比重较低，可以从规模占比和增长贡献率两个角度来看。 最终消费占GDP比例方面，2024年我国最终消费占GDP的比例为56.6%，近年来持续处于55%左右水 平。世界银行数据显示，2023年中国最终消费支出占G ...

以下文章来源于九边 ，作者九边 关于清北毕业的收入，这也是个非常复杂的话题，因为没啥统计数据，只能是从我自己身边的感觉， 还有类似智联招聘等网站的数据来推算。 先说两个很常见的误区。 一般大家说起清北，可能第一反应想到的是类似计算机，人工智能，金融等热门高薪专业，这些起薪 基本上都在三十万左右，毕业十年干到百万收入也不是太难。 但这俩专业在清北是绝对少数，还有大量的类似考古，大气，农学，生态，林学，生物，环境，土木 什么的，这些都不是些赚钱专业。还有不少文科、天坑专业，这些都没法找到高薪岗位。 这也是为啥这些名校毕业生，恨不得三分之一考了公务员和大学老师。 其实这里的"三分之一"我是 往极致保守了说，如果算上国企，研究所，留校教书，去高中等等，妥妥一大半以上，我查了能查到 的数据，60%也是个保守数据。 尤其研究生和博士，去大学和研究所的比例极高。 九边 . 2023年印象笔记收藏量排第一的公号 本文来自微信公众号： 九边 （ID：ertoumu893） ，作者：九边，题图来源：视觉中国 高考季再写点吧，过来人感受不一定对，但说不定会给一些迷茫的小伙伴点启发。 其实聊收入多少有点低俗，不过咱们也都诚实点，无论 ...